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Cyber risk modeling and analytics company CyberCube has appointed Chris Methven as its new chief executive officer (CEO), replacing Pascal Millaire, who has moved to senior advisor. Millaire, who has led CyberCube since its inception and steps down as CEO, is well-positioned to achieve its goal of becoming the leading global provider of financial cyber…
CNA Financial Corporation, a Chicago-based insurance company, announced financial results for the fourth quarter of 2025, with net income of $302 million, core revenue of $317 million, and a combined property and casualty ratio of 93.8%. For the full year of 2025, CNA Financial announced that its property and casualty insurance business had a net…
Arbol and Pollen Systems have partnered to bring to market a “first-of-its-kind” product that combines parametric insurance with multiple real-time data sources to solve long-standing challenges in agriculture and climate risk insurance. The initiative is supported by location intelligence leaders Esri and Omniris, which provide the underlying geospatial data platform and AI-driven analytics. The product…
A recent report from AM Best shows that cost and capacity constraints for Caribbean insurers have begun to ease as property reinsurance pricing softens at an accelerated pace and some terms and conditions are moderately relaxed. For regional insurers, this shift, combined with aggressive rate adjustments, paves the way for continued profitability. The report notes…
OpenAI has approved an insurance provider’s first AI application on ChatGPT, developed by Tuio, one of Spain’s leading digital insurance companies, and powered by WaniWani’s AI distribution infrastructure, enabling users to receive personalized home insurance quotes entirely in conversation and quickly purchase a policy. Citing a 2025 Express Legal Funding study, OpenAI found that 33%…
Global professional services firm Aon and KNIAZHA VIENNA INSURANCE GROUP (KNIAZHA VIG), the Ukrainian subsidiary of Vienna Insurance Group (VIG), announced a $25 million reinsurance financing agreement with the U.S. International Development Finance Corporation (DFC) to provide reinsurance for a portfolio of war risk policies, with limits up to $100 million. Aon explained that the…
Willis Re, a specialist reinsurance broker and part of WTW, has strengthened its team with the appointment of Georgia Heathfield. Heathfield is an accomplished insurance and reinsurance expert with over twenty years’ experience in the London market. She started her career in RFIB’s accounts team in 2004 before moving to claims broking, focusing on reinsurance…
Pablo Muñoz, chief executive officer (CEO) of Gallagher Re, a global concurrent reinsurance brokerage and advisory company, said that after the crucial renewal on January 1, 2026, the global concurrent reinsurance market has entered a soft phase due to abundant capital, expanded demand, improved technological achievements and a steady flow of new capacity. Muñoz expects…
Insurer Southeast Asia Disaster Risk Fund (SEADRIF) has appointed Dr. Ramesh Subramaniam and Lubomir Varbanov as independent co-chairs to lead the SEADRIF Sovereign Assets and Fiscal Empowerment (SEADRIF-SAFE) Working Group. Following the initiative of the Philippines and Japan, which serve as co-chairs of ASEAN+3 in 2026, the State Administration of Foreign Exchange will integrate disaster…
While preliminary results for 2025 point to growth and improvement in both property and casualty (P&C) and life insurance in the German market, Moody’s warned that underwriting profitability could slow in 2026 assuming natural catastrophe claims normalize and claims inflation is more muted. Moody’s said preliminary results for 2025 reported by the German Insurance Association…